1927 R.E.L. Vintage Lapel Pin

Found this old vintage lapel pin from 1927. It's got 'R.E.L' on the front and a little lamp detail at the top. Looks like it might be some kind of school or club graduation pin from back in the day. It's definitely got some age to it and a nice patina, perfect for someone who collects old school memorabilia or unique pins. Not 100% sure what the initials stand for but it's a cool little piece of history.